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31 Dec 2009 - PreSalt.com Technical Data -
BM-S-9 Block
BM-S-9 Contract
Country: Brazil
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ANP DATA:
Location: Santos Basin Principal Area: 1620.4800 Included Area: 1620.4800 Datum: SAD-60
Date of Signing the Contract: 15/09/2000
Discovery Announced: September 05 2007 - Well 1-BRSA-491-SPS (1-SPS-50)
Operator: Petrobras (45%)
Exploratory Consortium: Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA)(45% - Operator), BG (LON:BG, OTC:BRGYY, PINK:BRGYY, PINK:BRGXF)(30%), and Repsol YPF Brasil (MCE:REP, NYSE:REP, LI:OJGE, PINK:REPYP, ETR:REPA,NYSE:REP-A, ETR:REP, FRA:REPA, FRA:REP)(25%)
Coordinates: view map
News of BM-S-9:
14 Apr 2008:
Clarifications on BM-S-9(Rio de Janeiro, April 14, 2008). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa:PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], aBrazilian international energy company, in response to Bovespa written notice GAE/SAE 0882-08 and CVM written notice CVM/SEP/GEA-2/Nº 076/08, regarding the article published byReuters news agency, on 04/14/2008, which states, among other things, that “the generaldirector of the National Oil, Natural Gas, and Biofuel Agency – ANP, Haroldo Lima, said“unofficial” information from Petrobras has assessed that reserves at the Carioca field, in theSantos Basin, may be five times bigger than those found in the Tupi field; according to Lima,the field may hold reserves of some 33 billion barrels of oil equivalent (oil & gas),” clarifies that:The consortium formed by Petrobras (45% - Operator), BG (30%), and Repsol YPF Brasil(25%) is still following its exploratory program for Block BM-S-9, in the Santos Basin. TheBlock is composed of two exploratory areas. Well 1-BRSA-491-SPS (1-SPS-50) was drilled inthe largest of them, and resulted in the discovery announced on September 05 2007. On thatoccasion, the market was informed that more investments are required to drill new wells, theAssessment Plan for which is in its final preparation phase and is expected to be submitted tothe ANP in the upcoming days.Following the normal exploration schedule, on March 22 2008, the Company started drilling thesecond well, the 1-BRSA-594-SPS (1-SPS-55), which is located in the smaller area of theblock, but it has yet to reach the pre-salt layer. The ongoing exploratory activities includedrilling new wells, long-duration formation tests, and new geological studies to prove the rangeof the discovery.More conclusive data on the discovery’s potential will only be known after the other phasesinvolved in the assessment process have been completed, and they will be announced to themarket in a timely manner.
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